BOE Report

Chevron Announces $18.3 Billion Capital and Exploratory Budget for 2018

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation (NYSE:CVX) today announced a 2018 capital and exploratory spending program of $18.3 billion. This figure includes $5.5 billion for the company’s share of expenditures by affiliated companies. “Our 2018 budget is down for the fourth consecutive year, reflecting project completions, improved efficiencies, and investment high-grading,” said Chairman and CEO John Watson. “We’re fully funding our advantaged Permian Basin position and [Read more]

Genesis Energy, L.P. Announces Tender Offer for Any and All of Aggregate Principal Amount of Its 5.750% Senior Notes Due 2021

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE:GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.750% senior unsecured notes due 2021 that we co-issued with our subsidiary, Genesis Energy Finance Corporation. As of December 4, 2017, $350,000,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to [Read more]

Devon Energy Announces First-Quarter 2018 Cash Dividend for Common Stockholders

OKLAHOMA CITY--(BUSINESS WIRE)--Devon Energy Corp. (NYSE: DVN) announced today that its board of directors has declared a quarterly cash dividend on Devon’s common stock for the first quarter of 2018. The dividend is payable on March 29, 2018, at a rate of $0.06 per share based on a record date of March 15, 2018. About Devon Energy Devon Energy is a leading independent energy company engaged in finding and producing oil and [Read more]

Atmos Energy Corporation Prices Common Stock Offering of 4,558,404 Shares

DALLAS--(BUSINESS WIRE)--Atmos Energy Corporation (NYSE: ATO) announced today that it has priced its public offering of 4,558,404 shares of its common stock for expected gross proceeds of approximately $400 million. BofA Merrill Lynch and J.P. Morgan are acting as underwriters for the offering and propose to offer the shares of common stock from time to time for sale in one or more transactions on the New York Stock Exchange, in the [Read more]

ExxonMobil Starts Production at Hebron Field

Project expects to produce up to 150,000 barrels of oil per day at peak Project achieved more than 40 million hours without a lost-time injury Project completed ahead of schedule IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to contain more than 700 [Read more]

Carrizo Oil & Gas Announces Partial Redemption of 7.50% Senior Notes Due 2020

HOUSTON--(BUSINESS WIRE)--Carrizo Oil & Gas, Inc. (NASDAQ: CRZO) today announced that it has delivered a notice to the trustee for its 7.50% Senior Notes due 2020 (CUSIP No. 144577 AF0) under which it called for redemption on December 28, 2017 $150 million aggregate principal amount of the outstanding notes, representing 25% of the aggregate principal amount of this series of outstanding notes. The notes will be redeemed at a redemption price of [Read more]

Pioneer Natural Resources Announces Fourth Quarter 2017 Earnings News Release Date and Conference Call

DALLAS--(BUSINESS WIRE)--Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2017 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, February 6, 2018. A conference call is scheduled for Wednesday, February 7, 2018, at 9:00 a.m. CST to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying [Read more]

Energy Transfer Partners, L.P. Announces Pricing of Series A and Series B Preferred Unit Offering

DALLAS--(BUSINESS WIRE)--Energy Transfer Partners, L.P. (NYSE: ETP) today announced it has priced an underwritten public offering of 950,000 of its 6.250% Series A Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series A Preferred Units”) at a price of $1,000 per unit, and 550,000 of its 6.625% Series B Fixed-to-Floating Rate Cumulative Redeemable Perpetual Preferred Units (the “Series B Preferred Units,” and together with [Read more]

WildHorse Resource Development Corporation Announces Extension of Exchange Offer for 6.875% Senior Notes Due 2025

HOUSTON--(BUSINESS WIRE)--WildHorse Resource Development Corporation (NYSE: WRD) today announced that it has extended its offer to exchange up to $500,000,000 of new 6.875% Senior Notes due 2025 (the “new notes”) that have been registered under the Securities Act of 1933, as amended, for an equal amount of outstanding unregistered 6.875% Senior Notes due 2025 (the “old notes”). As a result of the extension, the exchange offer is now scheduled to expire [Read more]

WPX Energy Declares Dividend on Preferred Stock

TULSA, Okla.--(BUSINESS WIRE)--WPX Energy’s (NYSE: WPX) board of directors has approved a quarterly dividend of $0.78125 per share to holders of the company’s 6.25 percent Series A Mandatory Convertible Preferred Stock. The dividend is payable as of Jan. 31, 2018, to holders of record of the company’s preferred stock on Jan. 12, 2018. About WPX Energy, Inc. WPX has posted double-digit oil volume growth each of the past five [Read more]